Lifestyle

The billionaire who dished out $34 million to pay off student loans for an entire college class says America’s student loan system is a ‘catastrophe’

Robert F. Smith, the billionaire software investor who spent $US34 million to pay off student loans for an entire college class, called American’s $US1.5 trillion in student loans “atrocious” in an interview with Ford Foundation president Darren Walker. In September, Smith expanded that pledge when he also promised to pay […]
The billionaire who dished out $34 million to pay off student loans for an entire college class says America’s student loan system is a ‘catastrophe’
Lifestyle

Robert F. Smith, the billionaire who promised to pay off student loans for an entire college class, said his $34 million gift was inspired by a small act of philanthropy he saw his mum make

In May, billionaire Robert F. Smith pledged to pay off student loan debt for an entire graduating class. Smith made the announcement that he would pay off the student loans of the 400 graduating seniors during his commencement address at Morehouse College. In September, he followed up on the announcement […]
Robert F. Smith, the billionaire who promised to pay off student loans for an entire college class, said his $34 million gift was inspired by a small act of philanthropy he saw his mum make